Shermco Industries Enhances Service Capacity through Power Products Acquisition

Shermco Industries Strengthens Position with Power Products Acquisition

In an exciting development for Shermco Industries, a prominent figure in the electrical testing and maintenance sector, the company has made a significant stride by acquiring Power Products and Solutions (PPS), a respected provider based in Charlotte, North Carolina. This strategic acquisition aims to double Shermco's service capacity in the area and enrich its already robust service offerings throughout the Southeast and beyond.

The Importance of This Acquisition

Since its establishment in 1985, Power Products and Solutions has built a reputation as a reliable partner in the field of electrical acceptance testing, circuit breaker repair, and maintenance services. The integration of PPS into Shermco’s operations is a move designed not only to enhance service capacity but also to fortify the company’s operational infrastructure. This acquisition reflects Shermco's commitment to delivering top-tier electrical system expertise and reliability to its diverse clientele.

In a statement, Phil Petrocelli, CEO of Shermco Industries, articulated the significance of this acquisition: "The acquisition of PPS represents a significant milestone in Shermco's mission to raise the bar for electrical system quality and reliability. By expanding our capabilities in our core areas of focus, we are now better positioned to deliver safe, reliable operations to our diverse client base."

Expanding Workforce and Technical Capabilities

The acquisition not only bolsters Shermco’s service capacity but also enhances its workforce in Charlotte. With the addition of newly skilled team members, the company can ensure its service delivery remains exceptional across the regions it serves. This enhancement is particularly notable in Shermco’s service portfolio, which now includes a PEARL-certified breaker shop specialized in breaker reconditioning—further demonstrating their commitment to quality and service excellence.

The strategic geographical positioning of both Shermco and PPS allows for a seamless amalgamation of local expertise and operational processes, a factor that is key to maintaining high safety and reliability standards in the electrical testing domain. As the electrical services market continues to evolve, this acquisition positions Shermco favorably for future growth while ensuring they meet the increasing demands from clients in the Carolinas and surrounding areas.

A Snapshot of Shermco Industries

Headquartered in Irving, Texas, Shermco Industries has established itself as a leader in a variety of electrical services that include testing, engineering, maintenance, and repair. With over 40 locations across North America, the company serves a broad base of blue-chip clients, making it an influential player in the electrical sector. Shermco is a proud member of several key industry associations, including the NETA (InterNational Electrical Testing Association), EASA (Electrical Apparatus Service Association), and AWEA (American Wind Energy Association), underscoring its commitment to industry standards and continuous improvement.

Moreover, Shermco is majority-owned by Gryphon Investors, a well-known middle-market private investment firm. This backing not only provides capital for expansion but also lends operational expertise that can be crucial as Shermco integrates PPS into its fold.

Focus on Innovation and Client Value

As Shermco Industries continues to innovate and expand, the acquisition of Power Products and Solutions stands as a testament to its commitment to quality and reliability in the electrical services market. Clients can expect an increased level of service quality and efficiency as Shermco leverages the capabilities of PPS to enhance its offerings.

In summary, the acquisition marks a pivotal moment for Shermco Industries as it strengthens its infrastructure, doubles its service capacity, and positions the company as a frontrunner in delivering exceptional electrical services across the Southeast region and beyond. As they embark on this new chapter, both existing and new clients can look forward to a more comprehensive range of services designed to meet their electrical system needs with unmatched reliability and expertise.